I forgot to mention in my last post a couple facts. The city now can require a recertification on a yearly basis to make sure that the business with the abatement is maintaining employment, paying taxes etc. If they are not then the city can cancel the abatement. I believe that the city has demonstrated that abatements have minimal impact on local taxes. Millville has the second lowest tax rate in the county. Since 2006 Millville’s municipal rate has increased 11 cents – the county 38 cents and the BOE 2 cents. Bridgeton’s municipal rate is $1.25 higher than Millville’s and Vineland’s is $1 higher (both cities have abatement programs).
The city has shown it can manage its resources
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